Pembroke Management LTD Buys 141,704 Shares of nCino, Inc. (NASDAQ:NCNO)

Pembroke Management LTD increased its position in shares of nCino, Inc. (NASDAQ:NCNO) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 574,092 shares of the company’s stock after purchasing an additional 141,704 shares during the quarter. nCino accounts for approximately 2.5% of Pembroke Management LTD’s investment portfolio, making the stock its 17th largest position. Pembroke Management LTD owned 0.50% of nCino worth $19,278,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in nCino during the 4th quarter worth about $34,000. Hilltop National Bank bought a new position in shares of nCino during the fourth quarter worth about $37,000. Asset Management One Co. Ltd. lifted its stake in shares of nCino by 21.1% in the third quarter. Asset Management One Co. Ltd. now owns 1,956 shares of the company’s stock worth $62,000 after acquiring an additional 341 shares during the period. West Tower Group LLC bought a new stake in nCino in the third quarter valued at approximately $126,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in nCino during the 3rd quarter valued at approximately $152,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.

nCino Stock Down 0.4 %

NASDAQ:NCNO opened at $34.25 on Tuesday. nCino, Inc. has a 1-year low of $28.09 and a 1-year high of $43.20. The firm has a market capitalization of $3.97 billion, a P/E ratio of -201.46, a PEG ratio of 5.70 and a beta of 0.65. The company’s fifty day moving average price is $33.96 and its 200-day moving average price is $34.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.95 and a quick ratio of 1.95.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NCNO shares. Morgan Stanley cut their price target on nCino from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, December 6th. Stephens increased their target price on shares of nCino from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Barclays upgraded shares of nCino from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on shares of nCino from $41.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Finally, Scotiabank raised their target price on nCino from $36.00 to $46.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Insider Buying and Selling at nCino

In other news, Director Jeff Horing sold 4,474,158 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $35.75, for a total value of $159,951,148.50. Following the completion of the transaction, the director now owns 4,513,467 shares in the company, valued at approximately $161,356,445.25. This represents a 49.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Gregory Orenstein sold 5,148 shares of nCino stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $32.60, for a total transaction of $167,824.80. Following the completion of the transaction, the chief financial officer now owns 271,744 shares in the company, valued at approximately $8,858,854.40. This represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,270,085 shares of company stock worth $225,838,863. Insiders own 28.40% of the company’s stock.

nCino Profile

nCino, Inc, a software-as-a-service company, provides cloud-based software applications to financial institutions in the United States and internationally. Its nCino Bank Operating System connects financial institution employees, clients and third parties on a single cloud-based platform which include client onboarding, deposit account opening, loan origination, end-to-end mortgage suite, and powerful ecosystem.